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Federated to Buy Twin Fair Stores

Federated Department Stores Inc., the nation's fifth-largest retailer, has agreed to buy Twin Fair Inc.'s 14 discount department stores in western New York for an undisclosed price, Twin Fair announced.

Harold A. Egan Jr., chairman of Twin Fair, said his company would continue to operate as a real estate holding and development concern but would no longer be involved in retailing.

Twin Fair at one time had 37 stores in New York, Ohio and California. The company has been paring its retail operations for more than a year, while reporting losses of $5.7 million in 1980 and $12.7 million for the first nine months of 1981.

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A version of this article appears in print on March 27, 1982, on Page 2002030 of the National edition with the headline: Federated to Buy Twin Fair Stores. Order Reprints|Today's Paper|Subscribe